Value of money slides 30pc in 30 years as cost of goods rockets

The value of money has plummeted by 67pc over the last 30 years as the cost of everyday goods has rocketed, research has found. According to a study by Lloyds TSB Private Banking, a three-fold increase in retail prices means that someone would need £299 today to have the equivalent purchasing power of £100 back in 1982. Its analysis of official and commercial figures found that a loaf of bread has increased more than three-fold in the last three decades,
from 37p in 1982 to £1.24 by 2012, while the price of a pint of milk has increased at a slower rate, doubling from 20p 30 years ago to 46p.